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Question: Read the articles, "Mackerel Economics in Prison Lead to Appreciation for Oily Filets" and "Ramen Noodles Are Now the Prison Currency of Choice." (These articles are posted separately in the LMS.) Based on these articles, it appears that, in federal prisons, money has evolved from cigarettes to mackerel to ramen noodles.
Who is most likely to be earning economic rent?
1) What are total fixed costs? 2) What is the marginal cost of the first unit of output?
National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call national savings S, private savings V, and public savings U. So in other words, If private savings 'V' = 0.75S and total savin..
Suppose the Canadian economy, on a fixed exchange rate, has a real growth rate of 2% and is in equilibrium with an inflation rate of 10% and a risk premium of 1%. Suppose changes in the U.S. cause its real rate of interest to increase from 3% to 4% a..
Some individuals have suggesested raising the required reserve ratio for banks to 100 %. What would the money multiplier be if this change were made?
In the face of globalization, Caribbean Economies are increasingly required to become competitive.
a. What happens to aggregate demand curve b. What happens to level of output and price level in the short run and in the long run
Does this exhibit federal government overreach? Is the federal government better positioned to dictate what makes sense to state officials?
Describe the scope of Public Finance. Explain different philosophical approaches to the role of the government. Describe the size of the government sector in the U.S.
Using the empirical rule, what percentage of the apples have diameters that are between 6.44cm and 7.96cm?
A firm in a perfectly competitive market will produce no output in the short run if the price is below $20 but will produce if the price is above $20. The smallest quantity they will produce in the short run is 6. Firms will earn 0 economic profits i..
In a market, there are the two risk-bearing assets share A and share B as well as the opportunity to risk-freely invest their money in the bank where both the d
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